How to Add Opening Balance for New Asset Account

1

Hi, I want to add opening balance for new Asset accounts that I have added. Like Furniture and Fixtures, Computer Peripherals, etc. Is there a way?

Regards,
Sundar

2

Yes, use the “Journal Entries” tab to create new journal entry. Then debit/credit individual accounts with desired amounts to establish opening balances for your accounts.

3

@lubos Thank you. I will add opening balances for these new accounts using Journal Entries.